[a8da6b0c91d]

The issue is that the global diet for treasuries artificially holds down interest rates. If purchases slowed or holdings were sold, interest rates would rise. Whether it would be a crisis or merely hurt is a marginal distinction.

The government of the USA would go bankrupt in months if interest rates rose to 5%, which is an historically normal figure.

[shamshiel]

There's nothing artificial about it. That's normal economics at work.

Interest rates will remain low as long as the economy remains weak. They will rise to 5% when the economy becomes stronger and inflation rises, reducing the level of existing debt to GDP.